Petrobras PSV Tender Results Announced

By Alexandre Vilela

Initially intended to hire 2 vessels, the tender’s demand fluctuated into 10 ships than back to 2, eventually offering 4 units at closure, with notable high-side outliers.

Highlights:

(Bram Offshore): Two competitive bids with Brazilian-flagged, Norway-built (Simek A/S) vessels, aligning with current market averages.

Wilson Sons and Posidonia Shipping: Off-the-charts bids, indicating future market directions.

The Chouest units are currently engaged with Petrobras in the Equatorial Margin under foreign flag contracts until Q4 this year. (For detailed insights, courtesy of WSB One, please contact us.)

Key Insight:

Chouest will release BRAM tonnage when the Sapura Navegação Marítima vessels conclude their current term. As previously reported by WSB Advisors, these PLSVs will be demobilized for the new contract set to commence in Q1 2025.

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